Published On: June 9th, 2021Categories: Trade Ideas
Brazilian growth is recovering, their currency is improving and the pandemic is not getting worse. Therefore, we have a good backdrop for domestic stories and banks are a nice way to take exposure.
We maintain a positive stance on well-capitalised national champions in Brazil. The country’s financial system enjoys comfortable liquidity and capitalisation, along with robust non-performing loan coverage ratios. We consider Basel 3 instruments as the most attractive part of the banks’ curve.
Don’t miss our latest publication! Discover us on www.bridport.ch
